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jojofang0901
Feb 4, 2021 10:50 PM

NZDCAD Higher Time Frame Reversal Pattern. Short

NZD/CADOANDA

Description


Hello everyone:

Looking at NZDCAD here for bearish reversal opportunities.

We see price had several attempts to reverse from the top, but both times have not gain enough bearish momentum.

The latest price action may give us more confirmation development for the next sell.

We see a higher time frame Head and Shoulder in the making, and this right shoulder, looks very clean as a ascending channel, which is reversal in nature.

I would wait for the completion of the right shoulder correction, and look for LTF confirmation correction to get in the sell.

Thank you
Comments
P_S_trade
nice pattern
jojofang0901
@P_S_trade thx bud
One_Name
Agreed, it needs to go to the next support.
jojofang0901
@One_Name, ;) lets see how the market develop next week
TopTradingSignals
thanks for the recommendation!
jojofang0901
@TopTradingSignals, your welcome :)
N0ST0PL0SS
Nice analysis!
jojofang0901
@AmarPearson, thank you :)
profitalztrading
My man killing the market!
jojofang0901
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